06 Sep 2016
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA OR JAPAN, OR ANY OTHER JURISDICTION IN WHICH THE RELEASE, PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. THIS ANNOUNCEMENT DOES NOT CONSTITUTE AN OFFER OF ANY OF THE SECURITIES DESCRIBED HEREIN. Reference is made to previous announcements by Ocean Yield ASA (the "Company") in respect of the private placement (the "Private Placement") of a total of 13,462,857 new shares in the Company for gross proceeds of NOK 862 million. Delivery of the shares allocated in the Private Placement are, in order to facilitate delivery-versus-payment and delivery of already listed shares, made by delivery of existing and unencumbered shares in the Company, pursuant to a share lending agreement entered into between the Company, Pareto Securities AS and Aker Capital AS. The share capital increase pertaining to the new Shares issued through the Private Placement was today registered with the Norwegian Register of Business Enterprises (Nw. Foretaksregisteret) (the "NRBE"). Following the registration, the registered share capital of the Company is NOK 1,482,114,320 comprising of 148,211,432 shares, each with a nominal value of NOK 10.00. The 13,462,857 new shares will be delivered to Aker Capital AS as return of the borrowed shares which are used for the settlement of the Private Placement. The new Shares will be registered with the VPS under the Company's ISIN NO 0010657448 and be traded on Oslo Børs under the Company's trading symbol "OCY". Such trading of the new Shares will commence on 7 September 2016. Danske Bank, DNB Markets, Nordea Markets, Pareto Securities AS and Skandinaviska Enskilda Banken AB have acted as Joint Lead Managers in the Private Placement. For further information, please contact: Lars Solbakken, CEO Tel. +47 24 13 01 90 / Mob: +47 91 19 88 44 Eirik Eide, CFO Tel: +47 24 13 01 91 / Mob: +47 95 00 89 21 *** This information is subject to disclosure under the Norwegian Securities Trading Act, Section 5-12. This announcement is not and does not form a part of any offer for sale of any securities, and is for release, publication or distribution, directly or indirectly, in the United States, or any other jurisdiction in which such distribution would be unlawful or would require registration or other measures. Securities may not be sold in the United States absent registration with the United States Securities and Exchange Commission or an exemption from registration under the U.S. Securities Act of 1933, as amended. Ocean Yield ASA does not intend to register of its securities in the United States. The distribution of this announcement into jurisdictions other than Norway may be restricted by law. Persons into whose possession this announcement comes should inform themselves about and observe any such restrictions. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction. This announcement has not been approved by any regulatory authority.